FX.co ★ Belgium GDP Growth Tops Forecasts at 0.4%

Belgium's GDP experienced a 0.4% increase in the first quarter of 2025, improving from the prior quarter's 0.2% growth and surpassing market expectations of a 0.2% rise, according to preliminary estimates. This represents the most robust expansion since the first quarter of 2024, primarily fueled by a 0.9% growth in construction and a 0.4% rise in services. In contrast, industrial activity showed no change. On an annual basis, Belgium's GDP grew by 1.1% in the first quarter, consistent with the growth rate of the preceding three-month period.